PRESCHOOL PROMISE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

ROBYN LIGHTCAP

Phone

9373292700

Tax Period

2024-01-01 to 2024-12-31

PRESCHOOL PROMISE INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $12.1M in total revenue in fiscal year 2024. Expenses of $11.6M left a modest 5% surplus.

Mission

PRESCHOOL PROMISE'S VISION IS THAT EVERY CHILD IN MONTGOMERY COUNTY, OHIO IS READY FOR SUCCESS IN KINDERGARTEN AND BEYOND. WE ARE DOING THAT BY IMPROVING THE EARLY CHILDHOOD SYSTEM SO THAT EVERY CHILD CAN ACCESS HIGH-QUALITY PROGRAMS AND SERVICES - SUCH AS CHILD CARE AND PRESCHOOL, HOME VISITING, HEALTHCARE AND PARENTING SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $876,124

PARTNER WITH FAMILIES: PRESCHOOL PROMISE WORKS IN THE COMMUNITY THROUGH ITS OUTREACH TEAM AND PARTNERS TO PROMOTE THE IMPORTANCE OF HIGH-QUALITY EARLY LEARNING AND CONNECT PARENTS WITH RESOURCES...

PARTNER WITH FAMILIES: PRESCHOOL PROMISE WORKS IN THE COMMUNITY THROUGH ITS OUTREACH TEAM AND PARTNERS TO PROMOTE THE IMPORTANCE OF HIGH-QUALITY EARLY LEARNING AND CONNECT PARENTS WITH RESOURCES. FAMILIES RECEIVE FREE RESOURCES TO PROMOTE LEARNING AT HOME - SUCH AS PLAY KITS AND BOOKS-OF-THE-MONTH.

Program 2

Expenses: $3,105,016 Revenue: $28,474

IMPROVE QUALITY: PRESCHOOL PROMISE PROVIDES INTENSIVE, YEAR-LONG PROFESSIONAL DEVELOPMENT TO TEACHERS AND ADMINISTRATORS TO CONTINUOUSLY IMPROVE THE LEARNING IN CLASSROOMS; TEACHERS RECEIVE STIPENDS FOR THEIR PARTICIPATION. CHILD CARE AND PRESCHOOL SITES, AND TEACHERS RECEIVE GRANTS TO HELP THEM IMPROVE THE EARLY LEARNING CLASSROOM ENVIRONMENT. PRESCHOOL PROMISE OFFERS THE SCHOLARS PROGRAM TO HELP TEACHERS EARN DEGREES AND CREDENTIALS IN EARLY CHILDHOOD EDUCATION.

Program 3

Expenses: $4,705,840

ASSIST FAMILIES: PRESCHOOL PROMISE IS HELPING FAMILIES FIND AND AFFORD HIGH QUALITY EARLY CHILDHOOD EDUCATION BY LEVERAGING AVAILABLE FEDERAL, STATE, AND LOCAL FUNDING AND OFFERING TUITION ASSISTANCE TO FILL IN THE GAP. PROVIDERS ARE OFFERED GRANTS TO EXPAND PRESCHOOL SEATS TO SERVE MORE CHILDREN. PRESCHOOL PROMISE ALSO WORKS TO IMPROVE REGULAR ATTENDANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,871,040

Program Service Revenue $239,348

Investment Income $0

Other Revenue $28,474

TOTAL REVENUE $12,138,862

Expense Breakdown

Grants Paid $5,703,159

Salaries & Benefits $3,170,006

Fundraising Expenses $0

Program Expenses $10,503,421

Other Expenses $2,685,510

TOTAL EXPENSES $11,558,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,138,862	$12,379,117	0.0%
Expenses	$11,558,675	$12,537,531	-0.1%
Net Income	$580,187	$-158,414	-4.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$524,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH FELDMAN	CHAIR	0.50	Officer Director	$0	$0	$0
ANISSA LUMPKIN	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
JANE MCGEE-RAFAL	SECRETARY / TREASURER	0.50	Officer Director	$0	$0	$0
DWAN TARRANCE	TRUSTEE	0.50	Director	$0	$0	$0
CHANEL WINSTON	TRUSTEE	0.50	Director	$0	$0	$0
MALCOLM KEITH	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN HEITKAMP	TRUSTEE	0.50	Director	$0	$0	$0
ROBYN LIGHTCAP	EXECUTIVE DIRECTOR	40.00	Officer	$162,894	$61,423	$224,317
MARIE GIFFEN	DIRECTOR OF FINANCE	40.00	Officer	$132,357	$38,800	$171,157
ASHLEY MARSHALL	DIRECTOR OF OPERATIONS	40.00	Officer	$103,309	$25,481	$128,790

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$12,138,862	$11,558,675	$5,277,687	$580,187
2023	$12,379,117	$12,537,531	$4,346,571	$-158,414
2022	$10,487,242	$10,921,024	$4,811,083	$-433,782
2021	$8,117,368	$6,920,007	$4,299,915	$1,197,361
2020	$5,970,715	$5,799,989	$2,182,150	$170,726
2019	$5,478,943	$5,353,969	$1,967,253	$124,974
2018	$4,878,564	$4,862,249	$1,957,216	$16,315